v3.23.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 5,880 $ 5,313 $ 17,229 $ 15,368
Cost of products sold 3,684 3,545 11,030 10,319
Selling and administrative expense 949 813 2,839 2,431
Research and development expense 187 165 553 498
Interest expense - net 33 37 124 100
Gain on sale of business 0 0 0 24
Other expense (income) - net (52) 34 (56) (16)
Income before income taxes 1,079 720 2,739 2,060
Income tax expense 187 112 463 316
Net income 892 608 2,277 1,743
Less net income for noncontrolling interests (1) (1) (4) (2)
Net income attributable to Eaton ordinary shareholders $ 891 $ 607 $ 2,273 $ 1,741
Net income per share attributable to Eaton ordinary shareholders        
Diluted (USD per share) $ 2.22 $ 1.52 $ 5.67 $ 4.34
Basic (USD per share) $ 2.23 $ 1.52 $ 5.70 $ 4.36
Weighted-average number of ordinary shares outstanding        
Diluted (in shares) 401.6 400.3 400.9 400.9
Basic (shares) 399.4 398.4 399.0 398.9
Cash dividends declared per ordinary share (USD per share) $ 0.86 $ 0.81 $ 2.58 $ 2.43